Business & Investment

U.S. Congressman Ocasio Cortez disassembles it by Reuters

© Reuters.

Makini Bryce

Washington (Reuters)-A chat with U.S. Democrat Alexandria Ocasio Cortez attracted more than one million viewers overnight on the most famous video game player website for this week’s Reddit online traders and hedge funds. We analyzed the battles that attracted attention between.

Progressive Left Champion US House of Representatives 31-year-old New Yorker hosts a talk on poor-selling, lobbying dollars and hot stocks on Twitch https://www.twitch.tv/videos/892140641 Did. : GameStop Corp (NYSE :).

“For many households who have seen this, people have historically all the marbles on Wall Street, and the everyday people are finally willing to those who have existentially forced one hedge fund. I really felt like I was able to organize and come back. “The crisis,” said a lawmaker known as the “AOC.”

Ocasio-Cortez, a member of the House’s strong financial services committee, has a Twitch channel with 1 million followers and advertised Thursday’s broadcast to 12 million followers on Twitter.

GameStop, a video game retailer with 5,000 branches, has become the face of a confrontation between an army of retail investors who bought stock and soared and a wealthy Wall Street hedge fund betting on stock. .. Autumn is under pressure.

Ocasio-Cortez hosted Alexis Goldstein, a former employee of Wall Street and now driving financial reforms. Alexis Ohanian, co-founder of Reddit (and husband of tennis star Serena Williams (NYSE :)). And video blogger Stock Guy. They discussed the complexity of options trading and the complex role hedge funds play in the market.

The US government has struggled to educate the general public about the risks of stock trading. On Friday, the White House introduced a question about who is responsible for the Securities and Exchange Commission, which scolded investors for the development of GameStop.

According to Ocasio Cortez, the global financial crisis of 2007-2009 left many Americans with protracted resentment and millions of people lost their jobs and homes.

“A little over a decade ago, we all fell into a recession. Many of these moments were that we had never seen a person in charge … no one saw him go to jail. For that, “she said.

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U.S. Congressman Ocasio Cortez disassembles it by Reuters

https://www.investing.com/news/stock-market-news/the-stock-market-wars-us-lawmaker-ocasiocortez-breaks-it-down-2403904 U.S. Congressman Ocasio Cortez disassembles it by Reuters

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